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Fuel price hiked for 13th straight day: Petrol raised by 56 paise, diesel gets dearer by 63 paise in Delhi

Fuel prices today: In Delhi, petrol rose to Rs 78.37 a litre from Rs 77.81, while diesel climbed to Rs 77.06 per litre from Rs 76.43, data available with the Indian Oil Corporation (IOC) showed. This is the 13th consecutive hike in as many days.

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Fuel price today: Prices of petrol and diesel continued to rise for the 13th successive day on Friday with petrol rising by 56 paise per litre and diesel by 63 paise a litre in the national capital.

In Delhi, petrol rose to Rs 78.37 a litre from Rs 77.81, while diesel climbed to Rs 77.06 per litre from Rs 76.43, data available with the Indian Oil Corporation (IOC) showed.

With today’s fuel price rise, petrol has now gone up by Rs 7.11 per litre and diesel has risen by Rs 7.67 a litre in the national capital in the past 13 days.

The prices of the key fuels have been hiked across the country depending on the local sales tax or value added tax (VAT) of different states.

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Among the other metro cities, in Mumbai, a litre of petrol today was quoted at Rs 85.21 a litre, up from Rs 84.66, while diesel was retailing at Rs 75.53 per litre, up from Rs 74.93 on Thursday. Likewise in Kolkata, petrol was selling at Rs 80.13 today, up from Rs 79.59, while diesel was at Rs 72.53, up from Rs 71.96. In Chennai, petrol today was at Rs 81.82, up from Rs 81.32 and diesel at Rs 74.77, up from Rs 74.23, according to the data available on Fuel@IOC app.

Friday’s fuel price rise marks the 13th straight day of the increase in the rates since the state-run oil marketing companies (OMCs) on June 7 restarted revising prices daily in line with costs, after ending an 82-day hiatus.

The daily rate revision of fuel prices was suspended by the OMCs since mid of March after the central government hiked excise duty on petrol and diesel to mop up extra revenues from taxes. The base price of the auto fuels was unchanged for the next 82 days thereafter.

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Instead of passing on the excise duty hikes to customers, the state-run OMCs — IOC, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL), had adjusted them against the fall in the retail rates that was warranted because of fall in international oil prices. However, global prices have since recovered from their lows and the OMCs are now adjusting the prices in line with them.

First published on: 19-06-2020 at 01:49:11 pm
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